AppFolio, Inc.(APPF)Earnings, Financials & Key Ratios

APPF•NASDAQ

$167.17

$6.02B mkt cap·43.1× P/E·Price updated May 6, 2026

SectorTechnology IndustryApplication Software Sub-IndustryVertical industry SaaS applications

AboutAppFolio, Inc., together with its subsidiaries, provides cloud business management solutions for the real estate industry. The company offers AppFolio Property Manager, a platform to leverage process automation, easy to use interface, and the optimization of common workflows for property management companies, as well as completes and records critical transactions in the system and give its customers access to the data they need to run their business; AppFolio Property Manager Plus, which offers customizable workflows that allow customers to digitize their existing processes, performance insights, intelligent revenue management, and integrations through selected partners and dedicated strategic account managers; and AppFolio Investment Management, a solution that is designed to enable real estate investment management organizations to manage investor relationships through enhancing transparency and streamlining certain business processes. It also provides value added services that are designed to enhance, automate, and streamline processes and workflows for property management businesses, such as electronic payment, tenant screening, and insurance services. AppFolio, Inc. was incorporated in 2006 and is headquartered in Santa Barbara, California.Show more

Revenue$951M+19.7%
EBITDA$176M+13.1%
Net Income$141M-30.9%
EPS (Diluted)3.88-30.1%
Gross Margin61.3%-1.2%
EBITDA Margin18.46%-5.5%
Operating Margin16.08%-5.8%
Net Margin14.82%-42.3%
ROE26.54%-46.9%
ROIC22.38%-10.8%
Debt/Equity0.13+63.8%

Technical→

APPF Key Insights

AppFolio, Inc. (APPF) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Excellent 3Y average ROE of 25.8%
✓FCF machine: 25.1% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 25.1%
✓Efficient asset utilization: 1.3x turnover

✗Weaknesses

✗Weak momentum: RS Rating 20 (bottom 20%)
✗Trading more than 30% below 52-week high
✗Expensive at 11.2x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

APPF Price & Volume

AppFolio, Inc. (APPF) stock price & volume — 10-year historical chart

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APPF Growth Metrics

AppFolio, Inc. (APPF) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years28.92%

5 Years25.12%

3 Years26.31%

TTM20.72%

Profit CAGR

10 Years-

5 Years-2.31%

3 Years-

TTM-22.78%

EPS CAGR

10 Years-

5 Years-2.66%

3 Years-

TTM-21.64%

Return on Capital

10 Years5.56%

5 Years6.29%

3 Years18.77%

Last Year25.94%

APPF Recent Earnings

AppFolio, Inc. (APPF) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 9/12 qtrs (75%)●Beat Revenue 11/12 qtrs (92%)

Q2 2026Latest

Apr 23, 2026

EPS

$1.61

Est $1.44

+11.8%

Revenue

$262M

Est $258M

+1.6%

Q1 2026

Jan 29, 2026

EPS

$1.39

Est $1.22

+13.9%

Revenue

$248M

Est $247M

+0.7%

Q4 2025

Oct 30, 2025

EPS

$1.31

Est $1.45

-9.7%

Revenue

$249M

Est $247M

+1.1%

Q3 2025

Jul 31, 2025

EPS

$1.38

Est $1.27

+8.7%

Revenue

$236M

Est $230M

+2.4%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	Apr 23, 2026	$1.61vs $1.44+11.8%	$262Mvs $258M+1.6%
Q1 2026	Jan 29, 2026	$1.39vs $1.22+13.9%	$248Mvs $247M+0.7%
Q4 2025	Oct 30, 2025	$1.31vs $1.45-9.7%	$249Mvs $247M+1.1%
Q3 2025	Jul 31, 2025	$1.38vs $1.27+8.7%	$236Mvs $230M+2.4%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
ROPRoper Technologies, Inc.Direct Competitor	36.05B	350.26	24.67	12.26%	21.12%	8.75%	0.47
PCTYPaylocity Holding CorporationDirect Competitor	5.52B	102.53	25.51	13.74%	14.19%	21.69%	0.18
PAYCPaycom Software, Inc.Direct Competitor	6.86B	126.32	15.63	8.95%	22.44%	31.03%	0.09
TYLTyler Technologies, Inc.Direct Competitor	13.52B	320.61	44.53	9.1%	13.26%	8.71%	0.18
REALThe RealReal, Inc.Product Competitor	3.77B	13.00	-19.12	15.38%	-6.03%
OPENOpendoor Technologies Inc.Product Competitor	5.19B	5.44	-3.20	-15.18%	-29.74%	-129.35%	0.19
CSGPCoStar Group, Inc.Product Competitor	14.44B	34.07	2052.41	18.67%	0.74%	0.3%	0.14
HOODRobinhood Markets, Inc.Product Competitor	71.21B	79.05	38.56	51.58%		21.38%	1.68

Compare APPF vs Peers

AppFolio, Inc. (APPF) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ROP

Most directly comparable listed peer for APPF.

Scale Benchmark

vs AMT

Larger-name benchmark to compare APPF against a more recognizable public peer.

Peer Set

Compare Top 5

vs ROP, PCTY, PAYC, TYL

APPF Income Statement

AppFolio, Inc. (APPF) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Sales/Revenue	143.8M	190.07M	256.01M	310.06M	359.37M	471.88M	620.45M	794.2M	950.82M	995.33M
Revenue Growth %	36.2%	32.17%	34.69%	21.11%	15.9%	31.31%	31.48%	28.01%	19.72%	20.72%
Cost of Goods Sold	55.28M	73.55M	101.64M	119.03M	143.94M	191.83M	238.08M	301.61M	367.99M	365.93M
COGS % of Revenue	38.44%	38.7%	39.7%	38.39%	40.05%	40.65%	38.37%	37.98%	38.7%	-
Gross Profit	88.52M▲ 0%	116.52M▲ 31.6%	154.37M▲ 32.5%	191.03M▲ 23.7%	215.43M▲ 12.8%	280.06M▲ 30.0%	382.37M▲ 36.5%	492.59M▲ 28.8%	582.83M▲ 18.3%	629.41M▲ 0%
Gross Margin %	61.56%	61.3%	60.3%	61.61%	59.95%	59.35%	61.63%	62.02%	61.3%	63.24%
Gross Profit Growth %	45.22%	31.63%	32.48%	23.75%	12.77%	30%	36.53%	28.83%	18.32%	-
Operating Expenses	79.19M	96.87M	147.91M	181.24M	227.3M	352.43M	381.41M	356.95M	429.91M	459.52M
OpEx % of Revenue	55.06%	50.96%	57.77%	58.46%	63.25%	74.69%	61.47%	44.94%	45.21%	-
Selling, General & Admin	49.91M	58.18M	86.01M	105.92M	130.48M	208.19M	201.05M	196.57M	239.49M	246.93M
SG&A % of Revenue	34.71%	30.61%	33.59%	34.16%	36.31%	44.12%	32.4%	24.75%	25.19%	-
Research & Development	16.58M	24.11M	39.51M	48.53M	65.98M	111.12M	151.36M	160.38M	190.42M	196.29M
R&D % of Revenue	11.53%	12.69%	15.43%	15.65%	18.36%	23.55%	24.4%	20.19%	20.03%	-
Other Operating Expenses	-96K	-56K	22.39M	26.79M	30.84M	33.12M	28.99M	0	0	3M
Operating Income	9.34M▲ 0%	19.66M▲ 110.6%	6.46M▼ 67.1%	9.78M▲ 51.4%	-11.88M▼ 221.4%	-72.37M▼ 509.3%	963K▲ 101.3%	135.64M▲ 13985.6%	152.92M▲ 12.7%	169.88M▲ 0%
Operating Margin %	6.49%	10.34%	2.52%	3.16%	-3.31%	-15.34%	0.16%	17.08%	16.08%	17.07%
Operating Income Growth %	210.83%	110.56%	-67.13%	51.42%	-221.41%	-509.28%	101.33%	13985.57%	12.73%	-
EBITDA	22.03M	34.23M	32.99M	40.27M	22.17M	-36.06M	29.59M	155.19M	175.57M	191.81M
EBITDA Margin %	15.32%	18.01%	12.88%	12.99%	6.17%	-7.64%	4.77%	19.54%	18.46%	19.27%
EBITDA Growth %	1357.28%	55.36%	-3.64%	22.09%	-44.96%	-262.7%	182.06%	424.38%	13.13%	22.15%
D&A (Non-Cash Add-back)	12.7M	14.58M	26.52M	30.49M	34.04M	36.31M	28.63M	19.55M	22.65M	21.92M
EBIT	9.34M	19.66M	6.48M	198.68M	-11.88M	-72.37M	963K	150.32M	161.11M	122.86M
Net Interest Income	535K	787K	-1.65M	-1.85M	501K	1.18M	7.03M	13.98M	8.16M	5.2M
Interest Income	0	787K	0	0	501K	1.18M	7.03M	13.98M	8.16M	5.2M
Interest Expense	535K	0	1.65M	1.85M	0	0	0	0	0	0
Other Income/Expense	439K	731K	-1.64M	187.05M	13.61M	5.65M	7.03M	14.68M	8.2M	7.54M
Pretax Income	9.77M▲ 0%	20.39M▲ 108.6%	4.82M▼ 76.3%	196.83M▲ 3981.1%	1.73M▼ 99.1%	-66.72M▼ 3947.6%	8M▲ 112.0%	150.32M▲ 1779.7%	161.11M▲ 7.2%	177.42M▲ 0%
Pretax Margin %	6.8%	10.73%	1.88%	63.48%	0.48%	-14.14%	1.29%	18.93%	16.94%	17.83%
Income Tax	58K	420K	-31.46M	38.43M	706K	1.4M	5.29M	-53.75M	20.19M	25.46M
Effective Tax Rate %	0.59%	2.06%	-652.27%	19.52%	40.72%	-2.1%	66.21%	-35.75%	12.53%	14.35%
Net Income	9.72M▲ 0%	19.97M▲ 105.5%	36.28M▲ 81.7%	158.4M▲ 336.6%	1.03M▼ 99.4%	-68.12M▼ 6726.4%	2.7M▲ 104.0%	204.07M▲ 7452.5%	140.92M▼ 30.9%	151.96M▲ 0%
Net Margin %	6.76%	10.51%	14.17%	51.09%	0.29%	-14.44%	0.44%	25.69%	14.82%	15.27%
Net Income Growth %	217.33%	105.51%	81.71%	336.59%	-99.35%	-6726.36%	103.97%	7452.48%	-30.94%	-22.78%
Net Income (Continuing)	9.72M	19.97M	36.28M	158.4M	1.03M	-68.12M	2.7M	204.07M	140.92M	151.96M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)	0.28▲ 0%	0.56▲ 100.0%	1.02▲ 82.1%	4.44▲ 335.3%	0.03▼ 99.4%	-1.95▼ 6870.8%	0.07▲ 103.8%	5.55▲ 7379.8%	3.88▼ 30.1%	4.24▲ 0%
EPS Growth %	212%	100%	82.14%	335.29%	-99.35%	-6870.83%	103.81%	7379.78%	-30.09%	-21.64%
EPS (Basic)	0.29	0.59	1.07	4.62	0.03	-1.95	0.08	5.63	3.91	-
Diluted Shares Outstanding	35.15M	35.56M	35.57M	35.71M	35.7M	35.01M	36.42M	36.78M	36.33M	35.81M
Basic Shares Outstanding	33.85M	34.13M	34.02M	34.26M	34.58M	35.01M	35.63M	36.25M	36.01M	35.7M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

APPF Balance Sheet

AppFolio, Inc. (APPF) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Total Current Assets	53.84M	108M	61.79M	199.35M	158.59M	201.47M	272.36M	335.4M	342.15M	254.94M
Cash & Short-Term Investments	45.91M	90.71M	38.69M	168.52M	122.45M	160.07M	211.71M	278.5M	251.47M	151.65M
Cash Only	16.11M	74.08M	15.81M	140.26M	57.85M	70.77M	49.51M	42.75M	107.22M	147.41M
Short-Term Investments	29.8M	16.63M	22.88M	28.26M	64.6M	89.3M	162.2M	235.75M	144.26M	4.24M
Accounts Receivable	3.39M	5.52M	7.56M	10.06M	12.6M	16.5M	20.71M	24.35M	64.01M	43.97M
Days Sales Outstanding	8.6	10.59	10.78	11.84	12.79	12.77	12.18	11.19	24.57	16.03
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	0	0	0	0	0	24.9M	39.94M	32.81M	10.96M	59.32M
Total Non-Current Assets	56.41M	67.74M	198.31M	190.13M	249.42M	179.75M	136.53M	291.28M	380.12M	325.62M
Property, Plant & Equipment	6.7M	6.87M	42.55M	57M	72.19M	49.59M	47.65M	41.95M	39.15M	37.81M
Fixed Asset Turnover	21.48x	27.66x	6.02x	5.44x	4.98x	9.51x	13.02x	18.93x	24.29x	25.59x
Goodwill	6.74M	15.55M	58.42M	56.15M	56.15M	56.06M	56.06M	96.41M	96.41M	96.41M
Intangible Assets	19.33M	26.38M	51.4M	51.82M	52.92M	40.15M	23.92M	64.49M	50.15M	36.27M
Long-Term Investments	22.4M	11.26M	12.09M	6.77M	61.08M	25.16M	0	0	77.03M	308.77M
Other Non-Current Assets	1.24M	7.69M	6.28M	6.21M	7.09M	8.79M	8.91M	11.52M	25.25M	86.74M
Total Assets	110.25M▲ 0%	175.74M▲ 59.4%	260.1M▲ 48.0%	389.48M▲ 49.7%	408.02M▲ 4.8%	381.22M▼ 6.6%	408.89M▲ 7.3%	626.68M▲ 53.3%	722.27M▲ 15.3%	580.56M▲ 0%
Asset Turnover	1.30x	1.08x	0.98x	0.80x	0.88x	1.24x	1.52x	1.27x	1.32x	1.59x
Asset Growth %	19.08%	59.41%	48%	49.74%	4.76%	-6.57%	7.26%	53.26%	15.25%	58.82%
Total Current Liabilities	23.91M	28.21M	47.47M	49.8M	52.64M	61.34M	69.77M	63.28M	106.85M	72.36M
Accounts Payable	610K	1.48M	1.93M	1.04M	1.7M	2.47M	1.14M	2.38M	4.12M	3.74M
Days Payables Outstanding	4.03	7.35	6.92	3.19	4.32	4.71	1.75	2.88	4.09	3.8
Short-Term Debt	0	1.21M	4.03M	1.84M	1.87M	3.36M	3.63M	4.27M	4.87M	0
Deferred Revenue (Current)	7.08M	3.41M	4.59M	2.26M	2.51M	0	0	0	0	0
Other Current Liabilities	5.51M	9.73M	19.15M	16.68M	16.35M	21.14M	29.43M	26.47M	38.08M	72.36M
Current Ratio	2.25x	3.83x	1.30x	4.00x	3.01x	3.28x	3.90x	5.30x	3.20x	3.20x
Quick Ratio	2.25x	3.83x	1.30x	4.00x	3.01x	3.28x	3.90x	5.30x	3.20x	3.20x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	12.23
Total Non-Current Liabilities	1.26M	55.68M	106.23M	53.76M	57.99M	54.33M	41.81M	44.11M	72.84M	37.98M
Long-Term Debt	0	48.6M	47.38M	0	0	0	0	0	33.29M	31.98M
Capital Lease Obligations	0	0	33.31M	40.15M	55.73M	50.24M	41.11M	37.48M	33.29M	103M
Deferred Tax Liabilities	0	0	25.53M	13.61M	1.68M	0	0	0	33.3M	33.3M
Other Non-Current Liabilities	1.26M	7.08M	14K	0	583K	4.09M	697K	6.63M	-27.03M	-5.42M
Total Liabilities	25.17M	83.89M	128.15M	103.56M	110.64M	115.67M	111.58M	107.39M	179.69M	110.33M
Total Debt	0	49.81M	84.72M	41.99M	57.61M	53.59M	44.74M	41.75M	71.45M	31.98M
Net Debt	-16.11M	-24.26M	68.91M	-98.27M	-240K	-17.18M	-4.77M	-1M	-35.77M	-115.43M
Debt / Equity	-	0.54x	0.64x	0.15x	0.19x	0.20x	0.15x	0.08x	0.13x	0.13x
Debt / EBITDA	-	1.46x	2.57x	1.04x	2.60x	-	1.51x	0.27x	0.41x	0.17x
Net Debt / EBITDA	-0.73x	-0.71x	2.09x	-2.44x	-0.01x	-	-0.16x	-0.01x	-0.20x	-0.20x
Interest Coverage	17.45x	-	3.92x	107.45x	-	-	-	-	-	-
Total Equity	85.08M▲ 0%	91.85M▲ 8.0%	131.95M▲ 43.7%	285.92M▲ 116.7%	297.38M▲ 4.0%	265.55M▼ 10.7%	297.31M▲ 12.0%	519.29M▲ 74.7%	542.58M▲ 4.5%	470.23M▲ 0%
Equity Growth %	22.1%	7.95%	43.66%	116.69%	4.01%	-10.71%	11.96%	74.66%	4.48%	49.76%
Book Value per Share	2.42	2.58	3.71	8.01	8.33	7.58	8.16	14.12	14.94	13.13
Total Shareholders' Equity	85.08M	91.85M	131.95M	285.92M	297.38M	265.55M	297.31M	519.29M	542.58M	470.23M
Common Stock	4K	4K	4K	4K	4K	4K	4K	4K	4K	4K
Retained Earnings	-67.25M	-44.32M	-8.03M	150.37M	151.4M	83.28M	85.98M	290.05M	430.97M	473.39M
Treasury Stock	0	-21.56M	-21.56M	-25.76M	-25.76M	-25.76M	-25.76M	-25.76M	-172.48M	0
Accumulated OCI	-209K	-178K	33K	56K	-194K	-1.68M	99K	173K	30K	-12K
Minority Interest	0	0	0	0	0	0	0	0	0	0

APPF Cash Flow Statement

AppFolio, Inc. (APPF) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Cash from Operations	29.37M	36.27M	38.89M	48.3M	35.39M	25.36M	60.28M	188.16M	242.1M	242.1M
Operating CF Margin %	20.42%	19.08%	15.19%	15.58%	9.85%	5.38%	9.72%	23.69%	25.46%	-
Operating CF Growth %	155.4%	23.48%	7.22%	24.2%	-26.73%	-28.33%	137.66%	212.13%	28.67%	119.27%
Net Income	9.72M	19.97M	36.28M	158.4M	1.03M	-68.12M	2.7M	204.06M	140.92M	151.96M
Depreciation & Amortization	12.7M	14.58M	25.77M	29.21M	32.23M	36.31M	28.63M	21.57M	24.87M	23.7M
Stock-Based Compensation	6.1M	6.34M	8.06M	10.31M	17.15M	0	54.85M	0	70.79M	72.41M
Deferred Taxes	58K	164K	-31.45M	29M	250K	-993K	-490K	-76.94M	18.14M	31.71M
Other Non-Cash Items	63K	60K	32K	-187.53M	-12.9M	58.94M	-7.39M	52.12M	4.73M	-32.53M
Working Capital Changes	739K	-4.84M	194K	8.91M	-2.37M	-765K	-18.02M	-12.65M	-17.35M	-9.31M
Change in Receivables	-876K	-908K	-2.03M	-2.78M	-2.1M	-4.2M	-4.21M	-3.38M	-12.53M	-16.85M
Change in Inventory	2.27M	47K	0	0	0	0	0	0	0	0
Change in Payables	-100K	614K	511K	-903K	497K	1.18M	-1.56M	1.56M	1.77M	-1.16M
Cash from Investing	-22.83M	-4.64M	-89.87M	146.51M	-110.46M	-6.47M	-55.58M	-151.76M	10.24M	67.77M
Capital Expenditures	-12.67M	-14.41M	-8.08M	-19.04M	-8.1M	-21.23M	-9.04M	-7.19M	-3.15M	-3.16M
CapEx % of Revenue	8.81%	7.58%	3.16%	6.14%	2.25%	4.5%	1.46%	0.9%	0.33%	-
Acquisitions	10.46M	-14.44M	-54M	191.43M	12.92M	5.12M	629K	-77.42M	-906K	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-10.46M	11.9M	-21M	-26.04M	-24.61M	40K	-4.83M	0	-3.44M	-4.11M
Cash from Financing	-1.13M	26.35M	-7.27M	-70.36M	-7.35M	-6.16M	-25.96M	-43.4M	-187.89M	-215.22M
Debt Issued (Net)	0	50M	-1.25M	-48.81M	0	0	0	0	-4.26M	-4.26M
Equity Issued (Net)	0	-24.69M	0	-4.19M	0	4.47M	0	3.92M	-144.64M	-194.61M
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-1.8M	-21.56M	0	-4.19M	0	0	0	0	-188.97M	-174.02M
Other Financing	-1.13M	1.03M	-6.02M	-17.35M	-7.35M	-10.64M	-25.96M	-47.33M	-38.98M	-16.35M
Net Change in Cash	5.41M▲ 0%	57.97M▲ 971.5%	-58.26M▼ 200.5%	124.45M▲ 313.6%	-82.42M▼ 166.2%	12.92M▲ 115.7%	-21.26M▼ 264.5%	-6.75M▲ 68.2%	64.46M▲ 1054.3%	90.48M▲ 0%
Free Cash Flow	16.7M▲ 0%	21.86M▲ 30.9%	9.8M▼ 55.2%	3.22M▼ 67.2%	2.67M▼ 17.0%	18.82M▲ 604.3%	46.42M▲ 146.6%	186.14M▲ 301.0%	238.95M▲ 28.4%	233.85M▲ 0%
FCF Margin %	11.61%	11.5%	3.83%	1.04%	0.74%	3.99%	7.48%	23.44%	25.13%	23.49%
FCF Growth %	527.16%	30.89%	-55.15%	-67.17%	-16.96%	604.26%	146.57%	301.02%	28.37%	30.02%
FCF per Share	0.48	0.61	0.28	0.09	0.07	0.54	1.27	5.06	6.58	6.58
FCF Conversion (FCF/Net Income)	3.02x	1.82x	1.07x	0.30x	34.43x	-0.37x	22.31x	0.92x	1.72x	1.54x
Interest Paid	182K	118K	2.17M	1.81M	9.32M	0	8.09M	0	0	0
Taxes Paid	30K	82K	545K	85K	1.62M	0	8.09M	0	28.84M	0

APPF Key Ratios

AppFolio, Inc. (APPF) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
Return on Equity (ROE)	12.56%	22.57%	32.42%	75.81%	0.35%	-24.2%	0.96%	49.98%	26.54%	30.9%
Return on Invested Capital (ROIC)	10.94%	21.59%	3.61%	3.78%	-3.68%	-19.9%	0.27%	25.09%	22.38%	22.38%
Gross Margin	61.56%	61.3%	60.3%	61.61%	59.95%	59.35%	61.63%	62.02%	61.3%	63.24%
Net Margin	6.76%	10.51%	14.17%	51.09%	0.29%	-14.44%	0.44%	25.69%	14.82%	15.27%
Debt / Equity	-	0.54x	0.64x	0.15x	0.19x	0.20x	0.15x	0.08x	0.13x	0.13x
Interest Coverage	17.45x	-	3.92x	107.45x	-	-	-	-	-	-
FCF Conversion	3.02x	1.82x	1.07x	0.30x	34.43x	-0.37x	22.31x	0.92x	1.72x	1.54x
Revenue Growth	36.2%	32.17%	34.69%	21.11%	15.9%	31.31%	31.48%	28.01%	19.72%	20.72%

APPF SEC Filings & Documents

AppFolio, Inc. (APPF) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Apr 23, 2026·SEC

Material company update

Apr 10, 2026·SEC

Material company update

Jan 29, 2026·SEC

10-K Annual Reports

FY 2026

Feb 5, 2026·SEC

FY 2025

Feb 6, 2025·SEC

10-Q Quarterly Reports

FY 2026

Apr 23, 2026·SEC

FY 2025

Oct 30, 2025·SEC

FY 2025

Jul 31, 2025·SEC

APPF Frequently Asked Questions

AppFolio, Inc. (APPF) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

AppFolio, Inc. (APPF) reported $995.3M in revenue for fiscal year 2025. This represents a 3650% increase from $26.5M in 2013.

AppFolio, Inc. (APPF) grew revenue by 19.7% over the past year. This is strong growth.

Yes, AppFolio, Inc. (APPF) is profitable, generating $152.0M in net income for fiscal year 2025 (14.8% net margin).

Dividend & Returns

AppFolio, Inc. (APPF) has a return on equity (ROE) of 26.5%. This is excellent, indicating efficient use of shareholder capital.

AppFolio, Inc. (APPF) generated $233.8M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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